Notices
Off Topic A place to boldly go off topic. Just about anything goes.

Canadian Dollar Climbing

Old 05-29-2007, 01:42 PM
  #1  
Member
Thread Starter
 
Join Date: Mar 2007
Location:
Posts: 63
Likes: 0
Received 0 Likes on 0 Posts
Default Canadian Dollar Climbing

I was talking to our automation plant manager up here in Ontario Canada, he was telling me that he was in conversations with the bank we do buisness with and a local market trading person today, apparently the Canadian dollar jumped $0.01 of a dollar today to $0.93US. They earlier had forcasted that it will hit a dollar by the end of the year, well now do to the slowing of the US economy and the building of the Canadian economy they are forcasting a $1.05US within 60 days if it keeps goin this way. This means good news for us consumers, but bad news for the Canadian economy, sure do wish the Challenger was in production now, I could possibly save some money buying one. Anybody elses thoughts on this.
zman is offline  
Old 05-29-2007, 02:04 PM
  #2  
Senior Member
 
RoswellGrey's Avatar
 
Join Date: Mar 2006
Location:
Posts: 2,755
Likes: 0
Received 0 Likes on 0 Posts
Default RE: Canadian Dollar Climbing

If I'm reading this right, this may not be good news for consumers in the U.S. If the Canadian dollar stays up, wouldn't that increase the cost of goods (read 'Challengers') built there for folks in the USA? [:@]
RoswellGrey is offline  
Old 05-29-2007, 03:46 PM
  #3  
Member
Thread Starter
 
Join Date: Mar 2007
Location:
Posts: 63
Likes: 0
Received 0 Likes on 0 Posts
Default RE: Canadian Dollar Climbing

Well, I would think that if Chrysler or Cerberus the new owner wich is a US based company is having the Challenger built in Canada, lets just pull a number out of the air, say it costs Cerberus $30k US to have the Challenger built in Canada and that would be at the press release time last spring, wich the Can buck was at around $0.91US I think, give or take a cent, and at production time coming this spring it's at a $1.05 or higher say, it's going to cost Cerberus approx $0.15 on the dollar more to build. Which I think will bump the price of the car up for you guys south of the border. Wich means an additional $4500.00. Lets face it, it's cheaper to have anything built here in Canada because of the strong US dollar, but when the scale tips the other way it's going to hurt the Canadian economy big time because US based companies would rather spend the cash at home to keep costs down, unless it makes no sense to simply move operations back to US soil, meaning they are in to deep into the Canadian manufacturing world. But it does make spending money for us easier when it comes to buying merchandise from the US or simply travelling to and around the US. It's to bad that the North American auto world is hurting as much as it is, wich is what North American and or the entire industrial world is all about, building the automobile. Help me out here people maybe I'm not looking at this correctly, can anyone see it this way?
zman is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
brentmannrt09
Off Topic
11
05-29-2009 06:53 PM
Jeremiah 29:11
Challenger News
0
02-06-2008 04:20 AM
DSkippy
Off Topic
7
11-15-2007 12:36 PM
Blu Angel
Challenger News
0
03-21-2007 07:54 PM
Jeremiah 29:11
Off Topic
0
11-21-2006 11:30 PM


Quick Reply: Canadian Dollar Climbing


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

© 2019 MH Sub I, LLC dba Internet Brands

 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: